Vanke eyes top spot as global logistics property developer with stake in GLP
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
CHINA Vanke Co said on Friday it aims to become the world's largest logistics property developer after investing a 21.4 per cent stake in Asia's biggest warehouse operator Global Logistic Properties (GLP).
Vanke, the second-largest developer by sales in the country, has been diversifying into commercial businesses and new businesses such as rental housing as the residential sector struggles under policy cycles and fierce competition.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
